Black Homeownership: Wells Fargo Faces HUD Investigation.

Confronting housing inequality isn’t the same as creating it - Los Angeles Wave Newspaper Group

By Marc H. Morial Guest Columnist “Investigating a bank for following the government’s own rules to create paths to address longstanding discrimination in lending is an abuse of the agency’s investigative authority and a transparent attempt to scare every lender in the nation away from their legal obligation to serve underserved communities,” — Nikitra Bailey, executive vice president, National Fair Housing Alliance The Trump administration’s re…

Wells Fargo faces federal probe over loans aimed at boosting Black homeownership

Wells Fargo's mortgage programs sought to help Black families overcome longstanding homeownership gaps. HUD is investigating whether those efforts unlawfully favored certain borrowers.

Black homeownership should be a GOP selling point

On Oct. 7, Housing and Urban Development Secretary Scott Turner opened an investigation into Wells Fargo over its pledges to increase black homeownership. He said the bank’s conduct was “immoral, unethical and un-American” even if it broke no law. Raising black homeownership is a Republican goal, and a Republican administration is investigating a bank for […]

Black Homeownership: Wells Fargo Faces HUD Investigation.

(ThyBlackMan.com) “Investigating a bank for following the government’s own rules to create paths to address longstanding discrimination in lending is an abuse of the agency’s investigative authority and a transparent attempt to scare every lender in the nation away from their legal obligation to serve underserved communities.” — Nikitra Bailey, executive vice president, National Fair Housing […]